Salary breakup (Basic+HRA+Another Allowances) of Rs. 24,000 in which we can get more exemptions?

aartidhiman1
Dear All, Can anybody tells a salary breakup (Basic+HRA+Another Allowances) of Rs. 24,000/- in which we can get more exemptions or deductions from TAX and can nil the whole tax payable without the deduction of PF.
prasenjit.mitra
Dear Arti,
Please refer the attached file.
I believe it will answer all your queries.
For any other clarification feel free to write or disucss.
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prasenjit.mitra
Dear Tapas,
Inspite of writing you can use the appreciate option.
It will avoid uncessary postings.
khadilkarsachin
Hi! Arti,
Let us have Basic of Rs. 7000/-( for PF Exemption), HRA 40% of Basic Rs. 2800/- (Tax free subject to conditions),
Rs. 1300/- by Food Plus Card , Rs. 1250/- Medical Reimbursement, Rs. 800/- Conveyance exp (all 3 Tax Free). Rest is Special Allowance Rs. 10,850/-.
In this Taxable income would be Rs. 2,14,200/- which will attract NO TDS, if we avail 80C.
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